Staff
Earlier this week, the Ontario government announced plans to introduce the Ontario Retirement Pension Plan (ORPP) using a phased-in approach. But tax expert Jack Mintz argues “the best approach is to kill the whole idea in the first place.”
in the Financial Post, he says the ORPP is a “hare-brained idea” and gives 10 reasons why.
Read: Opinions divided over DC plan exemption from ORPP
Here are a few of his reasons: 80% of workers already have sufficient savings for an adequate retirement, the plan unnecessary for many upper-income households and the plan will hurt the middle class.
Visit financialpost.com for more.
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